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Here's what

CNBC's

"Fast Money" traders had to say about some of the market's biggest movers on their "Pops and Drops" segment Friday.

Pops

Shares of

Morgan Stanley

(MS) - Get Morgan Stanley Report

were popping upwards of 5%. Joe Terranova said that this is a "best-in-breed," and that it is a "name you want to own."

Dylan Ratigan said that shares of

Gap

(GPS) - Get Gap, Inc. Report

were up 5% and said it was a "good old pop."

UAL

( UAUA) was popping up 10%, and according to Zach Karabell, you "could have made a mint." He said that "someone out there is playing these names perfectly."

Alpharma

(ALO) - Get Alio Gold Inc. Report

skyrocketed 43%. Jon Najarian said that the company is getting bid on by

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King Pharmaceutical

( KG), and it is unusual that King is trading higher as well. He predicts that the bid will go higher alongside of King's stock.

Terranova advised against trading financial

Ambac

( ABK) which is popping 5.6%.

Focus Media

( FMCN) was popping 3.6%. Karabell weighed in, saying that it is in an "incredibly potent business," with "revenues through the roof."

Drops

Falling 3.8% was

DryShips

(DRYS) - Get DryShips Inc. Report

. Quint Tatro said that although the company has "sold some ships," they are "ultimately below expectations."

Dropping a staggering 27% was

Pacific Sun

(PSUN)

. Najarian said that this was due to brokerage downgrades which were stimulated by a bad forecast.

At the time of publication, Posluszny had no positions in the stocks mentioned.

Richard Posluszny is a finance major at Seton Hall. He provides invaluable research support as an intern at TheStreet.com.